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To: Bobby Yellin who wrote (13326)6/17/1998 1:44:00 PM
From: ahhaha  Read Replies (2) | Respond to of 116856
 
The bad loan thing is a smokescreen. It solves its own problem. It would be solved even faster with expeditious monetary policy. Bet Summers doesn't recommend that.

No one can manipulate the long bond. Rubin or the FED or Treasury wouldn't even consider that. No point in throwing away more money that can be thrown away propping the yen.